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Amtek Auto reports 53% rise in Q2 net profit

15 May 2015 Evaluate

Amtek Auto has reported results for second quarter ended March 31, 2015

The company has posted a rise of 52.95% in its net profit at Rs 129.82 crore for the quarter ended March 31, 2015 as compared to Rs 84.88 crore for the same quarter in the previous year. However, total income of the company has decreased by 4.04% at Rs 954.69 crore for quarter under review as compared to Rs 994.92 crore for the quarter ended March 31, 2014.

Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.

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